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VAT (Value Added Tax)

Learners: 45

Instructor: Kaushlam IRS Accountant Solutions Pvt Ltd

Duration:

This course provides an in-depth look at the Value Added Tax (VAT) law in the United Arab Emirates. It covers the 5% standard rate, registration requirements, place of supply, date of supply, valuation, input tax, capital asset scheme, import and taxability under reverse charge, exempt and zero-rated supply, export, impact on designated zones, records, VAT returns and payment of VAT, offences and penalties. With this course, you will gain a comprehensive understanding of the UAE VAT law and how it affects businesses and consumers.▼▲

Course Feature Course Overview Course Provider

Go to class

Course Feature

Cost:

Paid

Provider:

Udemy

Certificate:

Paid Certification

Language:

English

Start Date:

2022-05-14

Course Overview

❗The content presented here is sourced directly from Udemy platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [July 25th, 2023]

This course provides an overview of Value Added Tax (VAT) in the United Arab Emirates. It covers the key elements of the new law, including the standard VAT rate of 5%, the registration requirement threshold, the setting up of VAT groups, the place of supply of goods and services rules, the exemptions on supply of service rules, the role and impact of tax agents, the determination of the value of taxable supplies, discounts and imports, the mixed supply rules, the supplies subject to zero rating, the reverse charge rules, the right to recover input VAT, the credit notes and bad debts, the VAT invoice requirements, the tax credits, carry forwards and when refunds may be made, the VAT recovery for non-resident businesses and consumers, and the penalties.